ESEF ministerial draft overshoots the mark (in German)
The submitted ministerial draft on the European Single Electronic Format (ESEF) law is critically seen by Deutsches Aktieninstitut. The fact that annual financial statements are to be prepared in XHTML/iXBRL format is neither required by Union law nor expedient from a practical point of view. Deutsches Aktieninstitut advocates instead the implementation of a disclosure solution. With its ministerial draft, the legislator has overshoot the mark and unnecessarily burdens companies.